Nuveen High Yield Municipal Bond’s highly aggressive approach outweighs the benefit provided by its deep analyst team. Its cheaper share classes receive a Morningstar Analyst Rating of Neutral, while its more expensive shares are rated Negative.
Nuveen High Yield Municipal Bond I NHMRX
NAV / 1-Day Return
18.63
/
0.04
%
Total Assets
24.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.540%
Expense Ratio
0.990%
Fee Level
Low
Longest Manager Tenure
20.56
years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / ExtensiveMin. Initial Investment
100,000
Status
Open
TTM Yield
4.76%
Effective Duration
8.98
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will NHMRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable NHMRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the NHMRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of NHMRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Structural issues beset this colossus.
